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THARISA PLC - Dealings in securities by directors and company secretary of Tharisa and directors of major subsidiary

Release Date: 15/06/2016 10:00
Code(s): THA     PDF:  
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Dealings in securities by directors and company secretary of Tharisa and directors of major subsidiary

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
('Tharisa')

 Dealings in securities by directors and company secretary of Tharisa and directors of major subsidiary

 In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, Tharisa hereby advises
 shareholders of the vesting and settlement of Conditional Awards and the vesting of Appreciation Rights
 on 14 June 2016, in accordance with the rules of the Tharisa Share Award Plan (TSAP).

 In terms of the rules of the TSAP, tax obligations arising on the vesting date shall be for the account of
 the participant and provision is made for part settlement in cash or the sale of sufficient shares to fund
 the tax obligations, if required.

 Vesting and settlement of Conditional Awards granted on 9 April 2014

 Name:                                                Loucas Pouroulis
 Company:                                             Tharisa plc
 Position:                                            Executive Chairman
 Transaction date:                                    14 June 2016
 Nature of transaction:                               Off-market vesting and settlement of
                                                      Conditional Awards in shares
 Class of securities:                                 Ordinary shares
 Number of Conditional Awards vested:                 53 684
 Number of shares issued:                             53 684
 Issue price: *                                       ZAR11.00 per share
 Total value of transaction:*                         ZAR590 524.00
 Nature of interest:                                  Direct, beneficial
 Clearance to deal:                                   Yes


 Name:                                                Phoevos Pouroulis
 Company:                                             Tharisa plc
 Position:                                            Executive director – Chief Executive Officer
 Transaction date:                                    14 June 2016
 Nature of transaction:                               Off-market vesting and settlement of
                                                      Conditional Awards in shares
 Class of securities:                                 Ordinary shares
 Number of Conditional Awards vested:                 44 737
 Number of shares issued:                             44 737
 Issue price: *                                       ZAR11.00 per share
 Total value of transaction:*                         ZAR492 107.00
 Nature of interest:                                  Direct, beneficial
 Clearance to deal:                                   Yes


 Name:                                                Michael Gifford Jones
 Company:                                             Tharisa plc
 Position:                                            Executive director – Chief Finance Officer
 Transaction date:                                    14 June 2016
 Nature of transaction:                               Off-market vesting and settlement of
                                                      Conditional Awards in shares
 Class of securities:                                 Ordinary shares
 Number of Conditional Awards vested:                 40 263
 Number of shares issued:                             40 263
 Issue price: *                                       ZAR11.00 per share
 Total value of transaction:*                         ZAR442 893.00
 Nature of interest:                                  Direct, beneficial
 Clearance to deal:                                   Yes


 Name:                                                Sanet de Witt
 Company:                                             Tharisa plc
 Position:                                            Group Company Secretary
 Transaction date:                                    14 June 2016
 Nature of transaction:                               Off-market vesting and settlement of
                                                      Conditional Awards in shares and cash
 Class of securities:                                 Ordinary shares
 Number of Conditional Awards vested:                 10 544
 Number of shares issued:                             6 221
 Number of awards settled in cash:                    4 323
 Issue/settlement price: *                            ZAR11.00 per share
 Total value of transaction:*                         ZAR115 984.00
 Nature of interest:                                  Direct, beneficial
 Clearance to deal:                                   Yes


 Name:                                  Michelle Louise Taylor
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                       Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   35 789
 Number of shares issued:               21 116
 Number of awards settled in cash:      14 673
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR393 679.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes


 Name:                                  Hans van Wyk
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                       Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   5 318
 Number of shares issued:               5 318
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR58 498.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes



 Name:                                  Thabang Gabriel Maluke
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                       Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   12 552
 Number of shares issued:               12 552
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR138 072.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes


 Name:                                  Moira June Jaquet-Briner
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Non-executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                       Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   17 544
 Number of shares issued:               17 544
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR192 984.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes


 Name:                                  Sizakele Renee Ngwenya
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Non-executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                        Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   17 544
 Number of shares issued:               17 544
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR192 984.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes


 Name:                                  Gugu Yvonne Yolande
 Company:                               Tharisa Minerals (Pty) Ltd
 Position:                              Alternate non-executive director
 Transaction date:                      14 June 2016
 Nature of transaction:                 Off-market vesting and settlement of
                                        Conditional Awards in shares
 Class of securities:                   Ordinary shares
 Number of Conditional Awards vested:   17 544
 Number of shares issued:               17 544
 Issue price: *                         ZAR11.00 per share
 Total value of transaction:*           ZAR192 984.00
 Nature of interest:                    Direct, beneficial
 Clearance to deal:                     Yes

* Using the closing market price of ZAR11.00 on 14 June 2016.


Vesting of Appreciation Rights granted on 9 April 2014

In terms of the rules of the TSAP, participants are entitled to receive the increase in share value above
the award price, which may at the election of Tharisa be either cash or share settled. Appreciation
Rights vest in two equal annual tranches with the ability to exercise at any time up to five years from the
date of the award.

Name:                                               Loucas Pouroulis
Company:                                            Tharisa plc
Position:                                           Executive Chairman
Nature of transaction:                              Off-market vesting of Appreciation Rights
Date of award:                                      9 April 2014
Market value at date of award:                      ZAR38.00 per share
Vesting date:                                       14 June 2016
Number of Appreciation Rights vested:               33 552
Nature of interest:                                 Direct, beneficial
Clearance to deal:                                  Not required



Name:                                               Phoevos Pouroulis
Company:                                            Tharisa plc
Position:                                           Executive director – Chief Executive Officer
Nature of transaction:                              Off-market vesting of Appreciation Rights
Date of award:                                      9 April 2014
Market value at date of award:                      ZAR38.00 per share
Vesting date:                                       14 June 2016
Number of Appreciation Rights vested:               40 263
Nature of interest:                                 Direct, beneficial
Clearance to deal:                                  Not required



Name:                                   Michael Gifford Jones
Company:                                Tharisa plc
Position:                               Executive director – Chief Finance Officer
Nature of transaction:                  Off-market vesting of Appreciation Rights
Date of award:                          9 April 2014
Market value at date of award:          ZAR38.00 per share
Vesting date:                           14 June 2016
Number of Appreciation Rights vested:   30 197
Nature of interest:                     Direct, beneficial
Clearance to deal:                      Not required


Name:                                   Sanet de Witt
Company:                                Tharisa plc
Position:                               Group Company Secretary
Nature of transaction:                  Off-market vesting of Appreciation Rights
Date of award:                          9 April 2014
Market value at date of award:          ZAR38.00 per share
Vesting date:                           14 June 2016
Number of Appreciation Rights vested:   10 544
Nature of interest:                     Direct, beneficial
Clearance to deal:                      Not required


Name:                                   Michelle Louise Taylor
Company:                                Tharisa Minerals (Pty) Ltd
Position:                               Executive director
Nature of transaction:                  Off-market vesting of Appreciation Rights
Date of award:                          9 April 2014
Market value at date of award:          ZAR38.00 per share
Vesting date:                           14 June 2016
Number of Appreciation Rights vested:   26 842
Nature of interest:                     Direct, beneficial
Clearance to deal:                      Not required


Name:                                   Hans van Wyk
Company:                                Tharisa Minerals (Pty) Ltd
Position:                               Executive director
Nature of transaction:                  Off-market vesting of Appreciation Rights
Date of award:                          9 April 2014
Market value at date of award:          ZAR38.00 per share
Vesting date:                           14 June 2016
Number of Appreciation Rights vested:   18 612
Nature of interest:                     Direct, beneficial
Clearance to deal:                      Not required


Name:                                   Thabang Gabriel Maluke
Company:                                Tharisa Minerals (Pty) Ltd
Position:                               Executive director
Nature of transaction:                  Off-market vesting of Appreciation Rights
Date of award:                          9 April 2014
Market value at date of award:          ZAR38.00 per share
Vesting date:                           14 June 2016
Number of Appreciation Rights vested:   12 552
Nature of interest:                     Direct, beneficial
Clearance to deal:                      Not required


Paphos, Cyprus
15 June 2016


JSE Sponsor
Investec Bank Limited

About Tharisa

Tharisa is an integrated resources group incorporating mining, processing, beneficiation, marketing, sales
and logistics of platinum group metals (‘PGMs’) and chrome concentrates. The Company’s primary asset,
the Tharisa Mine, which is located on the south western limb of South Africa’s Bushveld Complex, has an
estimated open pit life-of-mine of approximately 20 years, and a further estimated underground life of
mine of approximately 40 years.

The Tharisa Mine’s processing facilities have a nameplate design capacity for processing a total of 400
ktpm of ROM ore.

The group’s strategy is to become a global natural resources company focused on originating, developing
and operating mines in the PGM, chrome and steel raw materials sectors.

Date: 15/06/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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